UAE CENTENNIAL PLAN 2071 Case Study Solution
Introduction
The UAE centennial plan 2071 was introduced by the UAE cabinet to mark UAE the best country in the world by 2071.
The 2071 vision was based on improving the lives of people of UAE. This plan states that how people of UAE will live a happier life in the better environment with more and more opportunities. This plan is based on four types
Education, government development, economy and community consistency.
The goal is for the UAE to become the best country in the world by 2071 by developing the education system while focusing on the engineering and technology and imparting the moral values in the future generation.
Literature
Current situation of education system
United Arab Emirates schools face difficulties to survive as the operating cost of schools has increased and it would difficult for them to survive in the market.
Education experts of UAE has said that the global competition for the best teacher has become more intense.
Another 175000 schools are expected to open by fiscal year 2020.
A report by one of the consultants asked that there is a growth in the private primary and secondary registrations. Most families in the UAE wants that their children studies in the private school rather than government school.
UAE should develop schools in a way that can provide free education and have the technological equipment, labs so that families in the UAE can send their children in the government schools and it would help the country to achieve the vision of 2071.
Case Analysis
SWOT Analysis of UAE
Strengths
- UAE is the world largest oil exporter of crude oil with the 22.2 million barrels per day of export of the oil across the globe. No trade barriers are also strength for the economy, as it increases the exports and also they have the healthy balance of payment because of no trade barriers.
- Zero taxation is also a strength for the economy.
- Business friendly environment also increase the GDP of the country.
Weakness
- Relationships with political people are very much important
To exploit the opportunities, business needs a network of people, network is very much important in the UAE, if businesses do not have relationships with political people, it would be very difficult for them to exploit the opportunities.
- Individual state rules and regulations
Each emirate state has its own rules and regulations, it is the weakness for an economy, as there are not any uniform rules and regulations followed by all the states.
Opportunities
- Huge export market
There is a huge export market ion the world, UAE can develop trade agreement with countries like India, China, Japan, European Union and with other countries.
Trade with these countries will increase the economic growth of the country and UAE will be able to invest huge amount in different sector to achieve the vision of 2071.
- UAE vision 2071
UAE vision 2071 is an opportunity for the UAE to become the best country in the world.
The plan dissects the UAE of the future, in order to set future generations up for success and prosperity.
With this plan. UAE wants to become the best education provider in the world to empower the future generations.
Specific investment and resources will be allocated to improve the education system in the country. (CHAND)
One of the goals of the plan is to position the UAE as the major economic leader.
To become the economic leader, they are adopting the advanced technology and science solutions, investing huge amountin entrepreneurship and environmental sustainability and also by promoting innovation in the country.
To improve the lives of people, they are investing intolerance, cohesive family, and solid national identity.
The plan also focuses on solidifying the national identity of future generations.
They are promoting their values and this plan will embrace the moral values rooted in their culture.
To implement this plan, the UAE government has to play an important role, they must ensure the security and safety of people of UAE and they have to invest the amount in the social services and also in acquiring the advanced technology and science to improve the quality of life.
Threats
- Rising cost of living in some emirates
Real estate cost have increased in some emirate states and that has increased the cost of living in those states.
- Heavy subsidies on utilities
Heavy subsidies on the utilities have increased the cost of the economy as they can spend that money on other sectors of the economy.
Conclusion
The economy’s biggest strength is its third largest exporter of oil, zero taxation and business friendly environment. It could use its high GDP and business friendly environment to avail the opportunity in achieving the higher growth rate and achieve the vision of 2071.
There was a threat of rising cost of living by using its strengths of a high GDP and business friendly environment, it could become the best country ion the world. The economy weakness was Individual state rules and regulations which was causing limitation to its opportunities on becoming the best country in the world.
UAE CENTENNIAL PLAN 2071 Harvard Case Solution & Analysis
From above analysis, we conclude that UAE government is investing a lot of money on improving the lives of people.
This plan also includes developing the globally competitive market structure. They are trying to develop a market structure, with that they can compete with the best economies of the world.
They will be using latest technology and science to provide easiness to the people.
They will be focusing on developing a perfect competition market structure in the economy so that people of the country will be price setters and can get the best quality product at the cheapest rate.
With this plan, the country is going to provide the best education in the world while adopting the latest technology to improve the lives of people..................................
This is just a sample partial work. Please place the order on the website to get your own originally done case solution.
Related Case Solutions & Analyses:
KAMCO and the Cross-Border Securitization of Korean Non-Performing Loans
Qwest Communications: Bond-Swap Offer (B)
Personal Improvement Project
The Queen vs Dudley and Stephens (1884) (The Lifeboat Case)
KTM Growth Strategies
Strategic Activism: The Rainforest Action Network
Hotel Vertu: Financing the Venture in the Boutique Hotel Industry
MID-TERM EXAM
Russian Magazine Project 2018-19
Maple Tree Accessory
